Maldives resort now accepting payment...

Guests can book stays at Soneva hotels using Bitcoin and Ethereum

Soneva is now accepting Bitcoin and Ethereum cryptocurrencies across its resorts in both the Maldives and Thailand.

Available as a payment option at Soneva Fushi, Soneva Jani and Soneva in Aqua in the Maldives, and Soneva Kiri in Thailand, both Bitcoin and Ethereum can also be used for Soneva Villa Ownership, an initiative that offers real estate to foreign buyers in the Maldives.

Soneva has partnered with cryptocurrency payments solutions provider TripleA and payment platform provider Pomelo Pay to expand its payment options and remove barriers to luxury travel.

As a licensed cryptocurrency payments solutions provider, TripleA enables Soneva’s guests to make crypto payments without any risk of price volatility, offering instant confirmation, locked-in exchange rates, real-time conversions and no chargebacks.

Soneva is also working with payment platform Pomelo Pay to facilitate cryptocurrency payments using secure QR codes and payment link technology.

Bookings can be made directly with Soneva’s reservations department and payment links can be arranged securely from anywhere in the world. While any payments made using Bitcoin or Ethereum are 100% non-refundable, credits can apply in line with Soneva’s flexible Payment and Cancellation Policy, which was introduced in response to the Covid-19 pandemic to help guests book their stay with confidence.

Commenting on the news, Soneva chief financial officer and deputy CEO Bruce Bromley said: "At Soneva, we have always endeavoured to be a pioneer in the hospitality industry, hence accepting cryptocurrencies as a payment method is another example of enabling our international guests to easily make payments from anywhere in the world.”

GET YOUR FREE 48-PAGE GCC TRAVEL & HOSPITALITY REPORT HERE

Pomelo PayCEO Vincent Choi added: “We're excited to embark on this journey with TripleA and enable Soneva to accept cryptocurrency as a form of payment from travellers across the globe.

"Importantly, TripleA is a reliable, trusted, approved, regulated crypto payments solutions provider entrusted by users and merchants, so it's the perfect working partnership for all of us.

"As more businesses look to innovate how they make and take payments, this is the perfect opportunity to move with the times, not only to give consumers the choice to pay the way they want to, but to facilitate seamless technology in the way businesses accept payments too.”

Cryptocurrency payments are becoming increasingly popular among travellers across the world, with the global crypto market projected to reach US$4.94 billion by 2030.

For more information, visit www.soneva.com